UKs Economy in Europe Essay -- Economics Economy England United Essay

UKs Economy in EuropeWhen single talks about a significant deliverance, a few break economic indicators allow for get mentioned fanf atomic number 18, unemployment and economic product. Theseare considered the three briny macroeconomic indicators of any economy.To define a strong economy in the simplest form you must have a first-class honours degree place of inflation, low unemployment and steady economic growth. Duringthis essay there will be comparisons betwixt other European countries(e.g. France, Germany, Luxemburg, Belgium, Spain, Italy) and theseeconomic indictors mentioned as well as others.We will start to look at inflation consec sets. The British economy hasslowed all over the past 12 months, but remains among the strongest in thedeveloped world, a report has said (BBC News Online). Last month theUnderlying rate of inflation in the UK remained unchanged at 2.3%,which is below the governments target rate of 2.5%, this is dependable forthe economy. The headline ra te of inflation, which includes mortgageinterest payments, fell last(a) month by 0.4% to 1.7%. These figures suggestthe rate at which prices are increasing. When we par the UKsannual inflation figure of 1.2% to that of Germany and France (-0.6%in October), which is around the 2% mark, it seems that our rate isquite low and therefore good for our economy. The Eurozone inflationis expected to be 2.1% this is measured by the Monetary Union Indexof Consumer Prices (MUICP). By looking at this we can see that thisfigure is very close to the UKs inflation rate. On the wholeinflation in the UK is at a land rate than that of its Europeanneighbours, which is an indicator of a strong economy.When we look at unemployment in the UK we can see that it is around900,000 or 2.3%. This is the last it has been since the 1970s andis at a lower percentage rate than Japan and the USA. Germany who hasrecently proclaimed that they have just entered a recession has a very towering rate of unemploymen t at around 8.0% and France, Finland and Spaineven risqueer. The UK, Netherlands and Luxemburg are amongst the lowestunemployment rates in Europe. Unemployment is up again in France andGermany, in a sign that the eurozones two biggest economies are stillin the grip of a downturn (BBC News Online). France and Germany havethe largest economies in Europe and recent figures show thatunemployment increased by 15,000 a... ...ong performance is reflected by such indicators as unwavering growth andforecasts for next year predicting an annual growth of 2.75% - 3.75%.Inflation soon at 2.3% is lower than forecasted which is a strongindicator for a strong economy. Our unemployment is at the lowest ithas been since the 1970s and lower than that of the two biggesteconomies in the world at present at 2.3% or around 900,000. Interestrates are remaining unchanged at 4%, which is low, and the reason forthe British economy having a firm housing market. The UKs maineconomic problem is the manufactu ring output. It could be argued thatthis sector of the economy is in recession after figures of negativegrowth in the last two quarters. As a result of this the UK is slimy from an all time high trade deficit, which is also due tothe high value of the pound. But overall the UK economy is in a goodstate taking into advantage the global economic slowdown which is vent on around it.Referenceswww.bbc.co.ukSources www.bbc.co.uk www.bized.ac.uk www.europa.eu.int www.ukonline.gov.uk The Daily Mail Newspaper The Business environment - Brooks/Weatherston